Spring Creek Capital Llc - Dec 23, 2022 Form 3/A - Amendment Insider Report for Apeiron Capital Investment Corp. (APNC)

Role: 10%+ Owner
Signature: Spring Creek Capital, LLC /s/ Raffaele G. Fazio Vice President and Secretary
Stock symbol: APNC
Transactions as of: Dec 23, 2022
Transactions value $: $0
Form type: 3/A - Amendment
Date filed: 1/19/2023, 05:45 PM
Date Of Original Report: Jan 3, 2023
Previous filing: May 3, 2022
Next filing: Feb 8, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	APNC	Warrants (right to buy)							Dec 23, 2022	Class A common stock	100K	$11.50	Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This amendment is being filed to reflect warrants (the "Warrants") to purchase Class A common stock, par value $0.0001 per share ("Common Stock"), of Apeiron Capital Investment Corp. (the "Issuer") that were omitted from the Reporting Persons' original Form 3.
F2	Each Warrant is exercisable for one share of Common Stock at an exercise price of $11.50 per share, subject to certain adjustments. The Warrants will become exercisable on the later of (a) 30 days after the consummation of a Business Combination (as defined in the warrant agreement) or (b) 12 months after the closing of the Issuer's initial public offering. The Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation.
F3	In accordance with Instruction 8(a) to Form 3, this amendment is filed solely to add the line of information to Table II included here; as provided in that instruction, the remainder of the information in the original filing is not restated in this amendment, and no other amendment is made to the original filing.
F4	Spring Creek Capital, LLC ("Spring Creek") is beneficially owned by SCC Holdings, LLC ("SCC"), SCC is beneficially owned by KIM, LLC ("KIM"), KIM is beneficially owned by Koch Investments Group, LLC ("KIG"), KIG is beneficially owned by Koch Investments Group Holdings, LLC ("KIGH"), KIGH is beneficially owned by Koch Industries, Inc. ("Koch Industries"), in each case by means of ownership of all voting equity instruments. Koch Industries, KIGH, KIG, KIM and SCC may be deemed to beneficially own the shares of Common Stock held by Spring Creek by virtue of (i) Koch Industries beneficial ownership of KIGH, (ii) KIGH's beneficial ownership of KIG, (iii) KIG's beneficial ownership of KIM, (iv) KIM's beneficial ownership of SCC and (v) SCC's beneficial ownership of Spring Creek.